Abstract
System dynamics is one of the most prominent approaches to strategic management. It has been proved to be a useful methodology to overcome the limitation of the strategic learning process of decision-makers. This study aims to overview the theoretical and empirical development of system dynamics in strategic management field. Furthermore, it also provides further insights that might not fully evaluated in previous studies. This study uses bibliometric approach by using citation analysis and co-citation analysis to understand evolution trends, identifying patterns, and level of adoption of the research literature related to system dynamics in strategic management. For this purpose, literature published between 1984 and 2020 were retrieved from the Scopus bibliographical database. The main findings show which articles have the most significant influence on the field of research, how the research on the field of system dynamics application in strategic management evolved over time, and what is the future direction of research on that field.
Highlights
As the time flows, science will continue to advance and develop with the work and creativity of scientists called research
This study aims to analyze which articles currently have the biggest influence on study area of system dynamics application in strategic management and analyze how an article on study area of system dynamics application in strategic management can influence other articles in the same area
The search is limited to documents published in the period 1984- 2020. 1984 was chosen because it is the first year of research on the use of system dynamics in strategic management
Summary
Science will continue to advance and develop with the work and creativity of scientists called research. System dynamics is an approach to model and simulate complex system of physical and social structure. We can experiment with models to design policies for selected problems. In 1980, the study of system dynamics experiences significant methodological advances in the field of interactive simulation games. Throughout this period, system dynamics began to applied in strategic management area and primarily focused on improving the company's strategy formulation process [1]. This book contains an extraordinary review of strategic management problem using system dynamics approach and introduce the 'learning organization' term[1]. Over the years, many authors have raised several critical issues related to traditional strategic management approach as that approach has the lack of perspective that can capture the dynamics complexityof managerial decision making
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